Solved

Chilly Restaurant Has a Seasonal Demand Pattern and Has a General

Question 100

Short Answer

Chilly restaurant has a seasonal demand pattern and has a general increase (trend) in business since receiving a favorable review in the gourmet section of the local newspaper. Given the following number of tables served each evening, calculate the demand for next week. The growth trend has been estimated as Ft = 35 + 5t.
 Week 1 Week 2 Week 3 Thursday 20 Thursday 23 Thursday 27 Friday 25 Friday 29 Friday 33 Saturday 35 Saturday 41 Saturday 45 Sunday 15 Sunday 17 Sunday 20\begin{array} { | c | c | c | c | c | c | } \hline & \begin{array} { c } \text { Week } \\\mathbf { 1 }\end{array} & & \begin{array} { c } \text { Week } \\\mathbf { 2 }\end{array} & & \begin{array} { c } \text { Week } \\\mathbf { 3 }\end{array} \\\hline \text { Thursday } & 20 & \text { Thursday } & 23 & \text { Thursday } & 27 \\\hline \text { Friday } & 25 & \text { Friday } & 29 & \text { Friday } & 33 \\\hline \text { Saturday } & 35 & \text { Saturday } & 41 & \text { Saturday } & 45 \\\hline \text { Sunday } & 15 & \text { Sunday } & 17 & \text { Sunday } & 20 \\\hline\end{array}

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents